Posted by toffeemoose > 2018-11-21 16:57 | Report Abuse

b4b4....is it possible to calculate the nett profit (roughly with our currency rate) for each bpd?

Posted by SeaKing > 2018-11-21 16:58 | Report Abuse

Thanks - B4b4..
5400bpd is consider not bad.
last time there's rumours saying REACH ENERGY is going to exercise RI. any idea?? if theres not exercise RI then at the existing price this is very good entry perhaps.

Posted by SeaKing > 2018-11-21 16:58 | Report Abuse

Thanks - B4b4..
5400bpd is consider not bad.
last time there's rumours saying REACH ENERGY is going to exercise RI. any idea?? if theres not exercise RI then at the existing price this is very good entry perhaps.

Posted by B4b4 > 2018-11-21 17:00 | Report Abuse

Reach CEO is a specialist in downstream business which convert raw Brent oil into end products that sell directly to the retailers. These ventures provides Reach with higher profit margin. It is something like latex and tyres.

Posted by Jeffrey Ng > 2018-11-21 17:05 | Report Abuse

wow... closed at .39 strong!!

Posted by SeaKing > 2018-11-21 17:14 | Report Abuse

"B4b4 Reach CEO is a specialist in downstream business which convert raw Brent oil into end products that sell directly to the retailers. These ventures provides Reach with higher profit margin. It is something like latex and tyres."

wow.. the price start to move. i just miss the timing. see tomorrow can get it or not..

Posted by B4b4 > 2018-11-21 17:25 | Report Abuse

Hi SeaKing, no worries. Tonight just monitor EIA report coming out at 10.30 or 11.00pm local time. Oil business is very interesting , it keeps my mind active and alert. The recent selldown is mainly due to the waiver by Trump administrstion on Iran oil sanctions AFTER SAUDI AND RUSSIA INCREASED PRODUCTION!

Posted by The speculators The speculators > 2018-11-21 19:31 | Report Abuse

QRRRRRRRRRRRRRRRRRRRRRRRRRRRRR COULD COME AS EARLY AA THIS WEEK

Posted by Nicholasming91 > 2018-11-21 19:40 | Report Abuse

Eia report is tonight at 11.30p.m. Previously 10.30pm, now late one hour due to day light savings ended 1hour

Posted by B4b4 > 2018-11-21 19:48 | Report Abuse

Thanks Nicholasming91

Posted by Nicholasming91 > 2018-11-21 19:52 | Report Abuse

Good luck to all investors

Posted by myongcc5 > 2018-11-21 20:57 | Report Abuse

Get as much shares at tis bargain price.....sleep well everynight....someday....u suddenly find yr holdings has turn into few folds...

Posted by myongcc5 > 2018-11-21 20:59 | Report Abuse

Oil price is beyond our control....good mgmt is our hope...oil reserves is huge...

Posted by B4b4 > 2018-11-21 21:10 | Report Abuse

Hi myongcc5, very true indeed oil prices beyond our control. That is why Reach is forming partnership with KTG to go downstream whereby the end products like gasoline is produced and sell to retailers . Tbese end products usually has higher profit margin.

Posted by myongcc5 > 2018-11-21 21:31 | Report Abuse

Hi B4b4....tqvm fr yr steadfast support n contribution

Posted by Nicholasming91 > 2018-11-21 22:11 | Report Abuse

Correct indeed, switch to end products (oil refineries) when oil price go down. Win win situation

Posted by Nicholasming91 > 2018-11-21 23:44 | Report Abuse

Price will go back up, US refineries back online, they will start exporting oils. Good way to cause chaos and store inventories 10million barrels at lowest price for refineries to refine, then export oil . Smart move huh

Posted by Nicholasming91 > 2018-11-22 00:16 | Report Abuse

Gasoline is still negative -1.4mb, cushing crude oil is -0.11mb as well. Oil still has demand. Just wait patiently then we will fly back up

Posted by bylkw2 > 2018-11-22 08:55 | Report Abuse

"U.S. stocks (WTI) rose, EIA says, but less than traders had feared"
sentiment looks alright

Posted by Jeffrey Ng > 2018-11-22 12:49 | Report Abuse

y today so quiet here?? no one cheering REACH?

Posted by Nicholasming91 > 2018-11-22 12:50 | Report Abuse

Today thanksgiving ya happy holodays haha

Posted by B4b4 > 2018-11-22 15:13 | Report Abuse

Very quiet day indeed for Reach

Posted by B4b4 > 2018-11-22 15:35 | Report Abuse

Someone is unloading at 38s.

Posted by amy898 > 2018-11-22 15:37 | Report Abuse

38c is the right time to buy?

Posted by B4b4 > 2018-11-22 15:58 | Report Abuse

Hi amy898, very difficult to tell the timing to buy or sell. It all depends on your risk appetite.

Posted by Jeffrey Ng > 2018-11-22 15:59 | Report Abuse

when will the QR be out? will it help to boost up the share price?

Posted by B4b4 > 2018-11-22 15:59 | Report Abuse

The problem about oil price is Trump wanted lower oil price. That is the whole problem

Posted by Jeffrey Ng > 2018-11-22 16:41 | Report Abuse

oil price is going down again...

Posted by ran777rpt > 2018-11-22 17:29 | Report Abuse

He is a mother f@@ker.

Posted by Lai Hm > 2018-11-22 17:29 | Report Abuse

Just wait. Hope will go up soon. No choice oil price keep gg down. :(

Posted by SuperPanda > 2018-11-22 19:16 | Report Abuse

alamak, -1.5 pulak hari ni, tomorrow queue 36c, support a bit

Posted by Zhuge_Liang > 2018-11-22 19:20 | Report Abuse

If WTI drops below 50, I believe many of oil explorations in US have to stop production.
Trump does not like to see high unemployment data in US.
Present price of WTI should be almost bottom.

Posted by B4b4 > 2018-11-23 08:01 | Report Abuse

Trump tweeted for lower oil price. That is problem for many og producers.

Posted by emil > 2018-11-23 08:14 | Report Abuse

Trump's ideal oil price Usd50

Posted by Jeffrey Ng > 2018-11-23 09:57 | Report Abuse

sigh... so far again to my price @ .42... drop to .37 liao... 5c again.. dunno when only can break even...

Posted by speakup > 2018-11-23 10:16 | Report Abuse

if u are long term investor, no need to worry about daily fluctuations.

Posted by Jeffrey Ng > Nov 23, 2018 09:57 AM | Report Abuse

sigh... so far again to my price @ .42... drop to .37 liao... 5c again.. dunno when only can break even...

Posted by Jeffrey Ng > 2018-11-23 10:26 | Report Abuse

i no worry about daily fluctuation.. since i already entered.. but what i worried is the oil price is going down day by day.. plus all the unforeseen circumstances coming. Even you are long term investor also can make lost. OG stock is very depending in the oil price fluctuate, if purely rely in company operation, then it will not be that great. Just hope for the better return. As i still have faith with REACH.

Posted by SuperPanda > 2018-11-23 10:52 | Report Abuse

long term is good for growth prospect stock but it can make your money stuck without growing if market goes wrong

the best method is to act on your strenght and decide to in and out at the right time.. most important is never lose big money

Posted by SuperPanda > 2018-11-23 10:53 | Report Abuse

if oil break below 60, have to watch out

Posted by Nicholasming91 > 2018-11-23 10:54 | Report Abuse

Im not worried, every rise there will be a fall, so as every fall there will be a rise . Is just a cycle .

Posted by emil > 2018-11-23 12:18 | Report Abuse

oil inventory is huge around the globe ..... new oil discovery all over the world.....oil price gonna dip

Posted by Jonathan Keung > 2018-11-23 14:33 | Report Abuse

alot of companies showing losses Q-Q

Posted by FortuneBlooming > 2018-11-23 15:20 | Report Abuse

Holding well

Posted by ProsperousRealm > 2018-11-23 15:40 | Report Abuse

Brent has broken past 62 again

Posted by Nicholasming91 > 2018-11-23 16:13 | Report Abuse

B4b4 to the rescue

Posted by Jeffrey Ng > 2018-11-23 16:19 | Report Abuse

B4b4, any opinion or advise?

Posted by CoolBull > 2018-11-23 16:25 | Report Abuse

Oil demand is huge around the globe ..... New humans being born all the time all over the world.....Oil price gonna keep rising

Posted by SuperPanda > 2018-11-23 18:08 | Report Abuse

how to rescue if you dont buy.

Posted by SuperPanda > 2018-11-23 18:08 | Report Abuse

next monday i support 36c, anyone follow?

Posted by Nicholasming91 > 2018-11-23 18:41 | Report Abuse

We at 60.55 now , gan jeong gan jeong